‘The number one emotion I feel about [Bitcoin] is jealousy’ says gold investor

Trey Reik, managing member of the Bristol Gold Group, highlights the important thing arguments from the Bitcoin versus gold debate with Kitco Information anchor David Lin.

Reik mentioned that many Bitcoin patrons have been as soon as annoyed gold buyers who have been disenchanted with the metallic’s efficiency during the last 10 years.

“The primary emotion that I really feel about Bitcoin on a day after day foundation is jealousy,” Reik mentioned.

Nevertheless, Bitcoin nonetheless fails most of the litmus exams as a retailer of worth, which is essentially what gold is.

“If you happen to’re investor, each institutional and retail, and also you’re in search of a long-term retailer of worth, for my part gold suits that invoice and Bitcoin’s not but actually within the debate. If you happen to’re in search of a decentralized asset, utterly freed from oversight or institutional involvement, Bitcoin is what you’re in search of,” he mentioned.

For extra on which asset serves as a greater funding car and inflation hedge, in addition to Reik’s outlook on costs, watch the video above. Observe David Lin on Twitter @davidlin_TV (https://twitter.com/davidlin_TV).